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What is the point of this article?
The poor banks are forced to buy government bonds? LOL what else are they going to do? No one is forcing banks to do business.
"when government debt exceeds 90% of GDP, countries suffer slower economic growth"
Or is it:
when countries suffer slower economic growth, government debt exceeds 90% of GDP ?

I'm tired of hearing that the "trouble will end soon". And I'm tired of hearing that the solution is to buy more debt. The United States needed to be the wealthiest nation in at least two thousand years to accumulate the GDP that has been lumped into debt-bond structures.

Because of this kind of ---what is not a mere sensibility--- I find a strong appeal in a kind of double economy, that attempts to make good on informational concepts of currency. I'm surprised that it has not already been officialized by washington. Opposite concepts of currency can be fixed into a reciprocal pattern, benefiting permanent industries. This is bolstered by "ticket currencies" which function in a seperate economic system, which attempts to exact real benefits in buying etc. Maybe that just looks like a new form of inflation, but in a system with fixed reciprocity, this problem might not exist.

We simply cannot take out parts of the system and try to solve them in isolation.
Debt is not a cause it is a necessary servant, accessory to the system we promote.
The whole constant quantitative growth economic system necessitates going beyond means, otherwise the constant growth cannot be sustained.
When a child is growing he needs much more calories, energy intake than an adult that is only feeding itself to maintain its regular state.
We cannot hope for a child to grow if we do not give him constant feed, extra needed for the exponential growth.
Without debt there is no quantitative growth, without debt the economy would remain on the same level.
And actually that is the natural state, humanity is beyond the "growing child state", it evolved into a fully matured, global, interconnected network, where further quantitative growth is impossible, the human and natural resources are depleted, they cannot take further exponential growth in a closed, finite system.
If we want to reduce debt, if we want to correct the human system, returning it to a sustainable state, we have to return to an economic model where we consume goods that are necessary for a modern, comfortable human life, according to everybody's settings and natural desires without the artificially generated, harmful and excessive desires we get from marketing and society pressure today. Such model would put us back in line with available resources, as after all we are part of the natural system, our body and mind is based on natural laws and principles, so without the excessive, over the top brainwashing we would automatically align ourselves with normal needs.
As always we need to correct the true cause not the superficial symptoms.

The whole setting reminds one of a scheme where savers willing to save are deterred and investors are forced to hoard cash.

We have a case here where the middle income group and low income group have the most to lose, as they have an environment where savings is not incentivized whereas they would be left with precious little to guard against when they retire. On the other hand we have those investing in Treasury Bonds who are betting against inflation, because if inflation is factored in they would lose money. The corporate sector on the other hand must hoard cash as it makes no sense to invest in riskier assets.

I wonder who are the beneficiaries of such a scheme, perhaps the banks, who have a prolonged period of negative real interest rate environment and a continued monetary easing. But not really, as risks would have to be priced soon.